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...Fortune 500, fraud-related calls amounted to 21% of all reports in the first quarter of this year, up from 14% in the same period in 2007. While reports of problems such as harassment, discrimination or health and safety transgressions saw "no appreciable increase," according to Luis Ramos, CEO of the Network, the number of whistle-blowers reporting fraud, theft or the misuse of company assets is "going up dramatically...

Author: /time Magazine | Title: The Reasons Fraud Spikes in a Recession | 5/20/2009 | See Source »

Bank of America said in early May that it, too, was looking for new directors. Regulators are reportedly pushing the bank to add more outside directors with financial-industry experience. Shareholders recently voted to strip BofA CEO Ken Lewis of his position as chairman of the board. The new chairman, Walter Massey, is heading up the committee that will revamp the bank's board...

Author: /time Magazine | Title: Help Wanted: Bank Boards Seeking Competent Directors | 5/20/2009 | See Source »

...bringing the U.S. auto industry to the table. Automakers have fought long and hard against tougher fuel-economy standards, claiming such rules would raise the cost of vehicles and that consumers have shown little preference for more fuel-efficient models. But major auto executives, such as General Motors' new CEO, Fritz Henderson, are expected stand alongside Obama at the White House on Tuesday when the President makes his announcement, signaling their support. "It will establish a single national standard that will provide predictability and certainty for the auto companies in meeting regulations," said Democratic Michigan Senator Carl Levin...

Author: /time Magazine | Title: Obama to Tighten Fuel-Economy Standards | 5/19/2009 | See Source »

...list "Generally Regarded As Safe," or GRAS, right alongside sugar and salt. "Anything to excess is going to be bad for you," Bianchi says. "I can sleep at night with confidence that our consumers can enjoy and be fine with the product." The CEO says no one has complained of Drank side effects. For DiPersio, however, GRAS isn't good enough. "Just because something is on the GRAS list doesn't mean the product is definitely safe," he says. "You don't know the source or purity of possible contaminants...

Author: /time Magazine | Title: The Anti–Red Bull: A Drink to Calm You Down | 5/18/2009 | See Source »

...Michigan dumped waste into the water as fast as was necessary to keep their industrial operations working. Lake Erie reached a point where it could hardly support a population of fish. The companies involved were not being malicious as much as they were being brazenly capitalistic. Some of the CEO's who were the heads of the largest polluters may have even been fishermen. They desire to make money trumped their personal feelings. (Read: "Comeback for the Great Lakes...

Author: /time Magazine | Title: Even Al Gore Can't Bring Attention to the Environment and Recession | 5/18/2009 | See Source »

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